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FISCAL NOTE
Senate Bill 12
Committee: County and Municipal GovernmentSponsor: Senator Chris Elliott
Analyst: Riley Aaron Date: 02/07/2024
Senate Bill 12 as reported by the Committee on County and Municipal Government, would
allow certain elected officials retired from the Teachers' Retirement System or the Employees'
Retirement System to return to work with the state, a county, or incorporated municipality,
without suspension of retirement benefits or accrual of additional benefits, provided that the
elected official's compensation does not exceed the annual earnings limit established by law. In
addition this bill prohibits, retirees serving as local elected superintendents of education from
receiving both their pension and salary unless their compensation does not exceed the annual
earnings limit established by law. For Calendar Year 2024, the annual earnings limit is $38,000.